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BUYER: St. Matthew's House Inc. (principals: William Boyer, Mary Predmore, Harry Bowman, Sylvia Sinns and Jeffrey Engel), Naples
SELLER: DeVoe Family Limited Partnership
PROPERTY: 2075 and 2085 Airport Road S., Naples
PRICE: $2.1 million
PREVIOUS PRICE: $715,600, January 1998
LAW FIRM ON DEED: Kathleen C. Passidomo PA, Naples
PLANS, DESCRIPTION: The Naples-based St. Matthew's House Inc. purchased the 2.76-acre former DeVoe Mega Center dealership site for $2.1 million.
The price equated to $760,870 per acre.
The land, which previously housed the demolished auto dealership, is adjacent to the St. Matthew's House.
The non-profit, which provides services to assist the homeless, plans to eventually use the property to expand its facilities.
“We looked at buying the property a couple years ago, but we didn't have the funds or the resources to purchase it,” says Rev. Vann Ellison, president and CEO of St. Matthew's House. “We recently had a donor contact us and offer to cover the entire purchase cost. We're trying to do a pro forma now to make sure whatever we developed there makes business sense.”
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